There are two things I'm saying about Bill C-59. First, there are a number of oversight bodies overseeing FINTRAC. We, as one of the bodies, cannot legally share information that we collect in the course of our review with other review bodies. We're saying that it would be very helpful to having fully informed reviews by us and other review bodies if we were able to share our work and come up with more informed conclusions. That's one point.
The other point is the analogy with collection and retention rules by CSIS, which are in part 4 of Bill C-59. There is some analogy to FINTRAC and the PCMLTFA. Under part 4 of Bill C-59, CSIS can collect considerable information, much of which is about law-abiding citizens, as FINTRAC collects a lot of financial transaction information about law-abiding citizens. However, under part 4 of Bill C-59, there are mechanisms to ensure that the collected data is reviewed fairly promptly to determine whether it is of probative or investigative value, and that if it is not of investigative value, it must be discarded.
I think that's an interesting compromise. You have broad collection but screen it fairly promptly, leading to not unduly long retention of information regarding law-abiding citizens.